Happy Hindi Diwas

[Raj Chawla]

Respected Members:

Quotes of the Day:

1. Honest relationship with good people is like a sugarcane....We Break it, Crush it, Squeeze it or even Grind it, still we will get only Sweetness!!!!
   
2. When we Build a House, Every Brick is Important. When We Build Our Character, Every Thought is Important.. Feed your Mind Daily With Quality Thoughts.
   

 

NICAI Updates:

1. Punjab Govt has notified that E-Way bill will not be required, Where the movement of Goods  commences and terminates within the State of Punjab without crossing the boundaries of the State of Punjab and consignment value Not exceeds Rs. 1 Lakh.
   
2. E-commerce platforms such as Amazon, Flipkart, and Myntra will from October 1 have to withhold tax from payments made to suppliers. The tax deducted at source (TDS) and tax collected at source (TCS) provisions under the goods and services tax (GST) have been notified to be effective from October. 
   
3. GST issued Circular No 64 Modification of the procedure for interception of conveyances for inspection of goods in movement, and detention, release and confiscation of such goods and conveyances, as clarified. 
   
4. The Companies (Amendment) Act, 2017 (I of 2018); the Central Government hereby appoints the 12th September, 2018 as the date on which the provisions of sections 66 to 70 (both inclusive) of the said Act shall come into force.
   
5. No govt approval required for public cos for managerial compensation. Now with effect from 12th September, 2018, approval of the Central Government shall no longer be required for increase in the payment of remuneration to the managerial personnel (in excess of 11 per cent of the net profit of a company).
   
6. SEBI is likely to consider a proposal to allow trading in this segment by foreign entities with exposure to the Indian physical commodity market. Besides, the regulator may deliberate on the issue of introducing a common application form for foreign portfolio investors (FPIs) to enter into the domestic capital market as part of the exercise to improve ease of doing business. 
   
7. ICAI invites applications for the following positions on contract basis from competent professionals. Interested candidates may email their application in structured format at recruitme...@icai.in or can send through speed post to the Consultant – HR at the Institute of Chartered Accountants of India, ICAI Bhawan, I.P. Marg, New Delhi. 

Cost Audit and XBRL:  For any help and assistance in Cost Audit and XBRL, Please contact Mob. 9711081083

With best regards,

CMA Rajni Chawla

M.COM, FCMA

712, New Delhi House, 27

Barakhamba Road, New Delhi-110001

011-43581083, 43581084

93110-81083, 97110-81083